Tapered annual allowance (applies to income over this amount) - amount including pension contributions

£150,000

Normal maximum tax-free lump sum

25%

Money purchase annual allowance

£4,000

* Subject to 50% taper down to £10,000 if threshold income over £110,000 and adjusted income (including employer pension contributions) over £150,000.

Annual allowance

There may be an entitlement to a greater allowance if there are unused reliefs from the 3 earlier tax years. The relief may however be reduced to £4,000 if pension savings are accessed in the tax year.